AILP Issues: Commercial Property

Description

Knowing how to amend property when you need to – additional covered property endorsement for the excluded property; property not covered endorsement to avoid duplication; specific property endorsements for certain property types such as signs, antennas, and landscaping; New options for tenants and building items; drones Endorsements affecting loss settlement, such as manufacturers' selling price, margin clause, value reporting form, ordinance or law, and debris removal, vacancy change options Adding other interests – loss payable or adding building owner Business income issues – Coinsurance; described premises or not; BII period exclusion; ordinance or law consideration; BII form vs. BII in BOP; amending the period of restoration; dependent property consideration; BII and loss to vehicles; drones and BII

Approved for 7 CEC's Maine